Advent-Backed Fintech Ebanx Delays U.S. IPO on Recent Market Turbulence
- Fintech firm may eventually seek valuation topping $10 billion
- Ebanx helps other companies bill clients across Latin America
This article is for subscribers only.
Ebanx SA, a Brazilian financial-technology firm backed by Advent International, delayed its U.S. initial public offering because of recent market volatility.
The company, which eventually may seek a valuation exceeding $10 billion, isn’t planing to go public in the first half of this year as previously expected, according to people familiar with the matter who asked not to be identified because the discussions are private.